VanEck Oil Services ETF (NYSEARCA:OIH) Reaches New 12-Month Low – Time to Sell?

VanEck Oil Services ETF (NYSEARCA:OIH)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $239.66 and last traded at $240.44, with a volume of 299136 shares trading hands. The stock had previously closed at $266.32.

VanEck Oil Services ETF Trading Down 11.1 %

The firm’s fifty day moving average is $268.68 and its 200 day moving average is $280.37. The company has a market cap of $1.12 billion, a PE ratio of 12.26 and a beta of 1.35.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in VanEck Oil Services ETF by 64.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck Oil Services ETF by 64.6% in the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth $54,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth $62,000.

VanEck Oil Services ETF Company Profile

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.